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US economy

US Economy Faces Recession Risk in Near Future, Warns Expert

03 Jul 2024

US economy has been facing escalating concerns over its financial stability. Experts have predicted potential recession risks with significant implications for global financial markets. BCA Research, a prominent Canadian investment research firm, has raised alarms about the possibility of a recession looming on the horizon. According to their latest analysis,...

Federal Reserve says US economy won’t enter into recession

17 Aug 2023

As per the minutes of the Federal Reserve’s July monetary policy review meeting, the United States economy is unlikely to enter into a recession in 2023. The Minutes of the Federal Reserve’s July 25-26 meeting showed, “The economic forecast prepared by the staff for the July FOMC meeting was stronger...

In March, the US economy added 236,000 jobs

08 Apr 2023

According to CNN Business, US companies added only 236,000 jobs in March, falling short of predictions and signaling that the labor market is cooling off under the Federal Reserve's year-long rate-hiking effort to reduce inflation. As per the Bureau of Labor Statistics March jobs report, which was released on Friday,...